Smart Buildings

North America Leads the Way in the Market for Big Data in Smart Buildings

In 2014 Big Data and Cloud Based Software and Services was the smallest of the 3 Building Internet of Things (BIoT) sub-segments at only $5.2Bn, a share of 24%. Our report "Big Data for Smart Buildings: Market Prospects 2015 to 2020" shows growth in this area being the most pronounced, driven by falling technology costs, improved confidence in the emerging solutions and improving ROIs. This market will grow to over $9.17Bn in 2015 and at a rate of 33.2% CAGR to nearly $29Bn by 2020. Cloud and Professional Services includes cloud infrastructure services such as server, storage, and networking services, which are delivered through public cloud offerings, business consulting, business process outsourcing, IT project-based services, security services, software and hardware support and training services. Investment here is currently growing rapidly and will almost double in 2015. Of this business professional value add services currently makes up the lion’s share of the market, coming in at […]

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Smart Buildings

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